EPFO raises interest rate on PF deposits to 8.25% for 2023-24

New Delhi (IANS) The Central Board of Trustees of the Employees' Provident Fund Organisation (EPFO) has recommended an interest rate of 8.25 per cent on Provident Fund deposits for 2023-24.

At present, the interest rate is 8.15 per cent.

RBI leaves repo rate untouched at 6.5% for 6th time in a row

Mumbai (IANS) The RBI on Thursday left the repo rate unchanged at 6.5% for the sixth consecutive time as part of its policy to keep inflation in check and at the same time spur growth in the economy.

Five out of six members of the Monetary…

Sensex tanks more than 600 points after RBI credit policy

New Delhi (IANS) BSE Sensex tanked more than 600 points after RBI announcement of credit policy with banks leading the fall.

Sensex was trading at 71,523.08 points down by a massive 628.92 points or 0.87 per cent.

Axis Bank, ICICI Bank,…

Nestle net profit up 4% at Rs 656 crore for Oct-Dec

Delhi (IANS) Nestle India on Wednesday reported a 4.4 per cent rise in net profit at Rs 655.6 crore for the October-December quarter compared to the corresponding figure of Rs 628 crore in the same period of the previous year.

The company declared…

India's smartwatch shipments grow 50% in 2023, Fire-Boltt leads: Report

New Delhi (IANS) India’s smartwatch shipments have witnessed 50 per cent (year-on-year) growth in 2023, with Fire-Boltt leading the market, a new report said on Wednesday.

According to Counterpoint Research, this growth was fueled by the rising…

Sensex up more than 300 points led by Wipro, TCS

New Delhi (IANS) BSE Sensex is up more than 300 points in Tuesday morning trade led by heavyweight IT stocks, Wipro and TCS.

Sensex is trading at 72,080.89 points up by 349.47 points on Tuesday led by gains in heavyweight IT stocks. Wipro is…

Britannia posts 40?ll in net profit for Oct-Dec quarter

Mumbai (IANS) Food products major Britannia Ltd on Tuesday reported a 40 per cent decline in its consolidated net profit at Rs 556 crore for the October-December quarter of the current financial year, against a net profit of Rs 937 crore in the same…

Tata Motors jumps 7?ter results

New Delhi (IANS) The global construct for equity markets continues to be good with the US doing well aided by a surprisingly strong economy, says V.K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

The latest data on job…

90% Indian CIOs to increase spending on AI tools in 2024: Report

New Delhi (IANS) Artificial Intelligence (AI) is dominating the mindshare of Indian Chief Information Officers (CIO)s, with more than 90 per cent looking to increase spending on right tools, according to a report on Monday.

The report by Canva,…

India's services sector PMI surges to 6-month high

New Delhi (IANS) Growth in India’s services sector rose to a 6-month high in January on the back of a higher demand and better outlook ahead, according to an HSBC report released on Monday.

The HSBC India Services PMI was recorded at 61.8 in…